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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and bank balances $ 2,489,215 $ 2,623,965
Fixed deposits placed with financial institutions 3,342,966 3,305,371
Trade receivables 839,558 799,674
Other receivables, deposits and prepayments 106,304 122,432
Tax Recoverable 50,441 57,588
Inventories 1,076,953 1,137,770
Total current assets 7,905,437 8,046,800
NON-CURRENT ASSETS    
Operating lease right of use assets 128,176 141,544
Property, plant and equipment, net 1,471,638 1,511,618
Other investments 1,656,232 1,699,831
Total non-current assets 3,256,046 3,352,993
TOTAL ASSETS 11,161,483 11,399,793
CURRENT LIABILITIES    
Trade payables 1,429,162 1,402,180
Other payables and accrued liabilities 214,735 180,912
Current portion of operating lease liabilities 32,508 34,632
Amount owing to directors 40,129 13,199
Total current liabilities 1,716,534 1,630,923
NON-CURRENT LIABILITIES    
Non-current portion of operating lease liabilities 88,846 98,763
Deferred tax liabilities 11,916 12,255
Total non-current liabilities 100,762 111,018
TOTAL LIABILITIES 1,817,296 1,741,941
STOCKHOLDERS' EQUITY    
As at March 31, 2024, common stock, no par value; 300,000,000 shares authorized and 17,667,663 shares outstanding, and preferred stock, no par value; 30,000,000 shares authorized and no shares outstanding. As at December 31, 2023, common stock, no par value; 300,000,000 shares authorized and 17,667,663 shares outstanding, and preferred stock, no par value; 30,000,000 shares authorized and no shares outstanding (on a post-reverse stock split basis)*. 17,191,315 17,191,315
Additional paid in capital (5,011,891) (5,011,891)
Accumulated deficit (1,948,035) (1,844,278)
Other comprehensive losses (887,202) (677,294)
TOTAL STOCKHOLDERS' EQUITY 9,344,187 9,657,852
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 11,161,483 $ 11,399,793